Hope sustains life, but misplaced hope prolongs recessions.

- James Grant

Progress is cumulative in science and engineering, but cyclical in finance.

- James Grant

In general, markets know more than the people who write about them.

- James Grant

The Fed can change how things look, not how things are

- James Grant

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if …

- James Grant

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

- James Grant

Successful investing is about having people agree with you ... later.

- James Grant

To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is t…

- James Grant

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.

- James Grant